Ma­na­geri­al Ac­count­ing

Course content

Aim of the course
The overall purpose of this course is to learn how to understand, implement and discuss Management Accounting concepts and tools used to manage organizational operations in the short and long run as well as at the local and global level.

Management Accounting aims to give students knowledge about how companies are using Management Accounting as a strategic technology for control. In this context control is about using information about costs, prices, benefits, resources etc. to make decisions on a local or central level in a way to secure the best possible result for the company. 

More specifically, Management Accounting will address the planning and organizing of a company, with a focus on calculations, design, and implementation of performance goals, measuring and reporting, and interpretation of the achieved results. This gives the opportunity to handle practical tasks in the operation (e.g. budgeting) and to view every single task in a more overall perspective.

During the course, the following central issues will be presented and discussed:

• The nature of costs and cost allocation
• Opportunity cost
• Organizational architecture
• Transfer pricing
• Center types
• Budgets
• Absorption cost and standard cost
• Variances 

Contents
The course relies on lectures, exercises, and case-discussions of different issues in the field of Management Accounting. More specifically, the topics include the analysis of costs and cost behavior, standard and activity based-costing, break-even analysis, planning, and budget preparation, divisional performance measurements but also some basic financial statement analysis.